THELOGICALINDIAN - Ethereum archetypal amount is in a declivity adjoin the US Dollar and Bitcoin ETCUSD charcoal at a accident of added losses as continued as it is beneath 1650
Ethereum Classic Price Resistance
There was a aloft downside move accomplished in ETC amount from able-bodied aloft $19.00 adjoin the US dollar. The ETC/USD brace beneath and bankrupt the $18.00 and $16.50 abutment levels. It traded abutting to the $15.00 akin and formed a low at $14.99. Later, an upside alteration was accomplished and the amount confused aloft the 23.6% Fib retracement akin of the aftermost abatement from the $18.35 aerial to $14.99 low.
However, the upside move was capped by the $16.50-80 attrition area. Moreover, the amount bootless to move aloft the 50% Fib retracement akin of the aftermost abatement from the $18.35 aerial to $14.99 low. There is additionally a acute bearish trend band basic with attrition at $16.50 on the alternate blueprint of the ETC/USD pair. The brace is already afresh affective lower and is currently able-bodied beneath $16.50. If the amount fails to move aloft $16.50, it could anon breach the $15.00 abutment akin for more losses.
The abutting above abutment beneath $15.00 is abreast the $13.20 level. On the cast side, if the amount succeeds in breaking the $16.50 resistance, it could move aback in a absolute area against $18.00.
Hourly MACD – The MACD for ETC/USD is hardly in the bullish zone.
Hourly RSI – The RSI for ETC/USD is currently able-bodied beneath the 50 level.
Major Support Level – $15.00
Major Resistance Level – $16.50
Charts address – Trading View
